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Federally directed auto-company restructurings



So what are the chances that in a conventional bankruptcy-court proceeding, a judge would have handed over a mere 10 percent interest in the revamped General Motors to actual creditors, and 39 percent to the United Auto Workers union?

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.